US and other Nato countries should not bother with protecting merchant ships attacked in the Red sea. The shipping companies have to rely on the navies of their flag states for protection. The 10 largest flag states for shipping are:

Panama, Liberia, Marshall Islands, Hong Kong, Singapore, Malta, Bahamas, China, Greece, Japan

Hong Kong is now China. But there is still an independent shipping tax haven there. The shipping companies avoiding taxes in western countries does not deserve protection from the same countries.

They can get a return of the tax money by letting the mentionee countries send their navies. Greece is a NATO country, so NATO can participate to some degree with support to the flag state navies.

*Guess this was a popular opinion.

  • partial_accumen@lemmy.world
    1·
    8 months ago

    For me it’s more important to future proof our species then feeding some capitalist hedgefund dollars.

    So you’re making a philosophical argument instead of a pragmatic one? Until those in power agree with your mission statement of “future proof our species”, any desired actions toward that aim are moot.

    More expensive shipping forces less shipping. Which might re-establish local industries. Europe made much of its stuff before. Now it’s moved to cheap countries in the east. Norway sends fish to china for processing, it gets sent back and sold in Norway. This is insane to me.

    While our current system has lots of downsides, it allows for nearly everyone to have more than they did before (yes it is disproportionately distributed). Additionally, the large global interconnected system is the strongest check against war in history. Trade helps prevent total global war.